Assessing the Macroeconomic Effects of Fiscal Policy in Colombia

Borradores de Economia
Número: 
552
Publicado: 
Clasificación JEL: 
E62, H50, H20, C32
Palabras clave: 
Fiscal policy, Government spending, Taxation, Structural vector autoregression

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The focus of this paper is on the short-term macroeconomic effects of fiscal policy in Colombia in a structural vector autoregression context. Government spending shocks are found to have positive and significant effects on output, private consumption, em